WASHINGTON TRUST Co Has $23.28 Million Stake in S&P Global Inc. $SPGI

WASHINGTON TRUST Co boosted its holdings in S&P Global Inc. (NYSE:SPGI) by 0.6% during the second quarter, HoldingsChannel.com reports. The fund owned 44,144 shares of the business services provider’s stock after purchasing an additional 245 shares during the period. WASHINGTON TRUST Co’s holdings in S&P Global were worth $23,277,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SPGI. ABN Amro Investment Solutions acquired a new stake in shares of S&P Global in the second quarter valued at approximately $75,543,000. Impax Asset Management Group plc increased its position in shares of S&P Global by 155.6% during the second quarter. Impax Asset Management Group plc now owns 20,215 shares of the business services provider’s stock valued at $10,659,000 after acquiring an additional 12,307 shares during the last quarter. Police & Firemen s Retirement System of New Jersey raised its holdings in S&P Global by 2.4% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 46,693 shares of the business services provider’s stock valued at $24,621,000 after acquiring an additional 1,115 shares during the period. Bailard Inc. raised its stake in S&P Global by 2.2% in the second quarter. Bailard Inc. now owns 30,681 shares of the business services provider’s stock valued at $16,178,000 after purchasing an additional 661 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in S&P Global by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 6,793,282 shares of the business services provider’s stock valued at $3,565,889,000 after acquiring an additional 42,724 shares during the period. 87.17% of the stock is currently owned by institutional investors.

S&P Global Price Performance

S&P Global stock traded up $6.79 during midday trading on Thursday, hitting $502.63. The company’s stock had a trading volume of 167,608 shares, compared to its average volume of 1,355,255. The stock’s 50-day moving average price is $499.22 and its 200-day moving average price is $516.89. The company has a market capitalization of $152.20 billion, a PE ratio of 38.64, a price-to-earnings-growth ratio of 2.50 and a beta of 1.17. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.34. S&P Global Inc. has a 12 month low of $427.14 and a 12 month high of $579.05.

S&P Global (NYSE:SPGI) last released its quarterly earnings results on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion for the quarter. S&P Global had a net margin of 27.30% and a return on equity of 15.11%. Analysts anticipate that S&P Global Inc. will post 17.11 earnings per share for the current fiscal year.

S&P Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Stockholders of record on Tuesday, November 25th will be given a $0.96 dividend. The ex-dividend date of this dividend is Tuesday, November 25th. This represents a $3.84 annualized dividend and a dividend yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on SPGI shares. BMO Capital Markets restated an “outperform” rating and set a $538.00 price target on shares of S&P Global in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of S&P Global in a research note on Wednesday, October 8th. Morgan Stanley boosted their price target on S&P Global from $615.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, October 9th. Seaport Res Ptn raised shares of S&P Global to a “strong-buy” rating in a research note on Wednesday, October 1st. Finally, JPMorgan Chase & Co. reduced their price objective on S&P Global from $635.00 to $615.00 and set an “overweight” rating for the company in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat.com, S&P Global presently has a consensus rating of “Buy” and an average target price of $612.38.

S&P Global Company Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.